Vietnam Daily Market Recap April 13

VN-Index edges up 0.5%, foreign selling resumes

The VN-Index closed Monday at 1,759.0, up nine points or 0.51%, but the headline gain obscured a market that declined on most measures. Market breadth was negative, with 132 advances, including five at ceiling price, against 171 declines, with no constituent hitting floor price, and 63 unchanged. HoSE matched value fell 11.4% DoD to VND19.6tn (USD744mn), remaining above the 20-session average. The HNX-Index fell 0.1% to 251.7. The divergence between the index reading and underlying breadth was driven by VIC, which rose 5.47% on the day and contributed a disproportionate number of index points.

The VN30 fell 0.13% to 1,925.7, with seven advances and 21 declines, and no constituent hitting ceiling price or floor price.

Seven sectors advanced while ten declined. Real Estate led gains at 3.2%, driven heavily by VIC’s move, while Oil & Gas rose 0.9%, Industrial Goods & Services rose 0.4%, Utilities rose 0.2%, Financial Services rose 0.1%, Telecoms rose 0.1% and Construction & Materials rose 0.1%. On the downside, Technology fell 1.7%, Chemicals fell 1.4%, Insurance fell 1.1%, Banking fell 0.9%, Leisure & Entertainment fell 0.7%, Healthcare fell 0.7%, Food & Beverage fell 0.3%, Retail Services fell 0.3%, Resources fell 0.1% and Auto & Parts fell 0.2%.

Foreign investors recorded net selling of VND132.8bn (USD5mn) on HoSE, a near-neutral figure. On the sell side, FPT posted the largest outflow at VND92.0bn (USD3mn), followed by VCB at VND70.6bn (USD3mn), VPB at VND61.5bn (USD2mn), VHM at VND58.2bn (USD2mn) and BID at VND53.3bn (USD2mn). On the buy side, VNM attracted the largest inflow at VND79.1bn (USD3mn), followed by VIC at VND64.2bn (USD2mn), HPG at VND37.7bn (USD1mn) and GEE at VND36.1bn (USD1mn).

Read the full report: HERE